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Send Enquires
  • Login
CyAuSe - Cyprus Audit Services Ltd
  • Home
  • Reduce Taxation
    • Find the Right Jurisdiction
    • Select Vehicle / Company Type
    • Are You a High Net Worth Individual?
    • Tax Free Income
    • Cyprus Tax Tips
      • Cyprus Tax Calculators
        • Cyprus Corporation Tax
        • Cyprus VAT
        • Cyprus Gross to Net Salary
        • Cyprus Dividend Tax
        • Cyprus Social Insurance
        • Cyprus Capital Gains Tax
      • Cyprus Property Owners
      • Cyprus Company Owners
      • Cyprus VAT Related Tips
      • Cyprus Employed Persons
      • Cyprus Self Employed Persons
    • Cyprus Double Tax Treaty Network
    • Cyprus Crypto Tax
    • Cyprus NHS / GESY
  • Incorporation
    • Middle East Company Formation
      • Dubai Companies
      • Qatar Companies
      • Saudi Arabia Companies
    • Create an International Company
      • Cyprus
        • Cyprus as a Business Centre
        • Head Quarter Relocation
        • Cyprus Company Maintenance
        • Cyprus Bank Account
        • Cyprus Company Creation
        • Cyprus Company Tax Benefits
        • Cyprus Double Tax Treaty Network
        • Payroll System
        • Useful Information
        • Popular Cyprus Structures
        • Cyprus Start Up Information
        • Cyprus Remote Employer
      • Seychelles Companies
      • BVIs (British Virgin Island)
      • Ireland
      • Bahamas
      • Malta
      • Isle of man
      • Gibraltar
      • Cayman Island
      • United Kingdom
      • Rest of the world
    • Create an International Trust
    • Create an Investment Firm
    • Cyprus Start Up Information
      • Company vs Self Employed
      • Company Issues
      • Funding Solutions
      • Accounting Issues
      • Start Up Tips
    • Buy Ready / Shelf Companies
  • Bank Accounts
  • Services
    • Company Services
      • Company Audit
      • Internal Audit
      • Re-Domiciliation Services
      • Executive Services
      • Accounting services
      • Outsource Payroll
      • Outsource Vat & Tax
      • Final Accounts
      • Management Accounts
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      • Business Plans & Feasibility Studies
      • Fiduciary & Support
      • Substance Solutions
      • Compliance Services
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        • Branding
        • Email Marketing
        • Lead Generation
        • Social Media Marketing & Advertising
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      • Personal Taxation
      • Capital Statement
      • Succession Planning
      • Family office services
      • High Net Worth Individuals
    • Bank Account Set Up
    • Niche Markets
      • International Business Companies
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      • Cyprus Forex and Investment Firms (CIFs)
        • Specialised services
        • Best Practises
        • CySEC Glossary
        • Cyprus Investment Firms and Funds Articles
      • Travel Sector
      • Real Estate & Construction
      • Retail and Consumer
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        • Open - Expected Programs
        • EU Cyprus Programs
          • Youth Entrepreneurship Programs
        • Cyprus Personnel Funding Solutions
      • High Net Worth Individuals
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  • Knowledge Hub
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Cyprus Personnel Funding Solutions

Home / Services / Niche Markets / Funding Programmes / Cyprus Personnel Funding Solutions
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PERSONNEL FUNDING SOLUTIONS

Each year the government offers subsidized personnel solutions for all sized Cyprus Companies to improve the skills and  unemployment rate of people in the Republic. These subsidies are very important as they can reach up to 80% of the payroll cost for the specific employee who enrolls into the system.

Typically, the company will have to apply to the appropriate ministry offering the scheme and once selected to employee the person for the work based on the scheme’s specific requirements. In recent years because the approval process from the government is slow it is advisable to employee the candidates prior to the approval in order to meet timeframes set by the programmes. Therefore, the company would employee the candidate and pay for full its wages until the end of the programme at which point the company will request for the subsidy back which takes on average 2 months to be given.

If this is of interest to you please contact us to provide you with such solutions at: kt@cyprusaccountants.com.cy

If you would like to stay informed please register to our newsletter and follow us on social media where we post all new developments as soon as they emerge.

OPEN SUBSIDIES FOR PERSONNEL RECRUITMENT

Currently Available Programs as at 05.10.2021

1. Recently graduated persons

(Σχέδιο Στελέχωσης Επιχειρήσεων με Απόφοιτους Τριτοβάθμιας Εκπαίδευσης)

Overview:

  • <30 years of age
  • Holder of 3 years university diploma
  • No previous experience in the field of the empoyer
  • Term 6 months
  • Minimum salary Euro 950
  • Maximum funding Euro 6,600

Read the actual plan by clicking here (in Greek only)

2. Long term unemployed persons

(Σχέδιο Κατάρτισης Μακροχρόνια Ανέργων σε Επιχειρήσεις/Οργανισμούς)

Overview:

  • >30 and < 60 years of age
  • Registered as unemployed for at least 6 months
  • No previous experience in the field of the empoyer
  • Minimum salary Euro 870
  • Term 4 months
  • Maximum funding Euro 4,000

Read the actual plan by clicking here (in Greek only)

Not sure? Send me an email: kt@cyprusaccountants.com.cy

3. Unemployed persons - Opened 08.11.2021

Σχέδιο Κατάρτισης Ανέργων σε Επιχειρήσεις/Οργανισμούς - 3 πρόσκληση

Overview:

  • Registered as unemployed for at least 1 day
  • No previous experience in the field of the employer
  • Term 10 +2 months
  • Maximum funding Euro 6,086 (34 x 179 days)

Read the actual plan by clicking here (in Greek only)

Want to apply? Send us an email: kt@cyprusaccountants.com.cy

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